MUMBAI: In a move to boost transparency, RBI has asked all banks and finance companies to provide borrowers with a key facts statement that includes data on all fees and the annual cost of credit from Oct 1 besides basic loan information. The statement should also provide details on the policy on recovery agents, contact…
NEW DELHI: The capital’s IGI Airport was the world’s 10th busiest hub last year, down one place from the 9th spot it enjoyed in CY 2022, according to Airports Council International (ACI). All the top 10 airports — led by Atlanta Hartsfield-Jackson International Airport, Dubai and Dallas Fort Worth — saw significant growth in passenger…
NEW DELHI: India’s merchandise exports dipped marginally in March to USD 41.69 billion, and by 3.11 per cent during the last fiscal year to USD 437.06 billion mainly due to continued geopolitical turmoil, and depressed global trade.Imports, too, declined in March as well during the entire 2023-24. Trade deficit, or the gap between imports and…
The Reserve Bank of India (RBI) has increased its gold purchases to enhance the diversity of its foreign exchange reserves amid fluctuations in the US dollar. The surge in the value of outstanding gold reserves accounted for more than 80% of the nearly $3-billion rise in forex reserves, which reached a record $648.5 billion as…
Stock market crash today: BSE Sensex and Nifty50, the Indian benchmark equity indices, opened in red on Monday led by global cues and uncertainties. BSE Sensex plunged 700 points and Nifty50 was near 22,300. At 9:31 AM, BSE Sensex was trading at 73,594.17, down 651 points or 0.88%. Nifty50 was at 22,313.25, down 206 points…
Elon Musk-led Tesla has reportedly inked a strategic deal with Tata Electronics to acquire semiconductor chips for its global operations. This move highlights Tesla’s growing interest in India beyond local revenue generation.ET exclusively reported that the agreement, executed discreetly a few months ago, positions Tata Electronics as a reliable supplier for top-tier global clients looking…
The recent escalation in tensions, particularly following Iran’s drone offensive, is causing concern among finance ministers and central bank chiefs. The primary impact is expected on oil prices, which surged to $92.2 a barrel, posing risks to global economic stability. In India, while pump prices may not immediately rise due to elections, increased oil prices…
Bengaluru airport‘s Terminal 2 has gained recognition both domestically and internationally, often drawing comparisons to Singapore’s Changi Airport. While such comparisons may seem ambitious, the terminal has notably excelled in the realm of technology. Digi Yatra, a widely successful initiative implemented across Indian airports, was first conceptualized and put into practice by Bengaluru airport’s technology…
No more smelly Indian Railways trains & stations? Indian Railways is exploring new technologies and solutions to tackle the issue of foul odour on trains and station premises. In a recent meeting, senior railway officials discussed the high number of complaints received through the Rail Madad app. Indian Railways is exploring the utilization of Internet…
NEW DELHI: TV viewership of Indian Premier League (IPL) 2024 crossed 40 crore, marking the highest-ever cumulative reach for the live broadcast of 18 matches. , the official broadcaster of IPL, which is airing the matches on the Star Sports network, said it recorded 12,380 crore minutes of watch time (citing Broadcast Audience Research Council),…
